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Job Details

Salary: Competitive
Hours: 37.5 Monday-Friday
Location: The VHQ Crawley with flexible remote working expectation 1-2 days a week in the office
Contract: 12 month Maternity Cover
Closing Date: Tuesday 25th January

Many of our staff at Virgin work flexibly and in many different ways, different core hours or remote working. Please talk to us at your application or interview stage about the flexibility you need. We can't promise to give you exactly what you want, but we are happy to explore what's possible for the role.

In a nutshell

At Virgin Atlantic, we’re just as passionate as we’ve always been about becoming the most loved travel company. This year has shown that when we combine our brand with the power of amazing people, we make something truly magical.

Virgin Atlantic is proudly flying, creating the same fabulous flight experience we’re famous for, and we’re busily laying the foundations for a profitable future. We know that the right people are key to creating success – so we’re looking for someone brilliant to join our Finance team and help us achieve our vision. Perhaps that’s you? We’d love to find out.

We’re delighted to be recruiting our Treasury Cash Manager, on a 12-month basis covering maternity leave, this role will be accountable for delivering the cash management activities of the Group. Focussing on delivering effective cash and liquidity management, investment strategy and implementation, foreign exchange activity, managing bank account balances, cash forecasting and reporting.

This role will be involved in building cash consciousness and developing continuous improvement and process efficiencies within the Treasury function of the Group.

Day to day

As our Treasury Cash Manager, you will be responsible for:

Planning, analysis, and reporting frameworks

• Ensure that the planning and reporting frameworks and processes are efficient and minimise complexity
• Drive financial performance measurement ensuring that issues are quickly and clearly identified, quantified, and communicated.
• Develop standard models to collect and analyse relevant data and produce reporting for control checks and inputs for KPI reporting, budgets and forecast cash flow and accounting positions
• Apply relevant analytics and fact-based judgments to influence decisions at all levels
• Introduction of new technology to improve access and value of reporting

Cash & Liquidity Management

• Manage the global cash management operations including local, regional and global cash pooling/offset arrangements and repatriation processes
• Identify and drive improvements in liquidity and working capital management
• Monitor and control cash inflows and outflows
• Reconcile cash forecast to actual daily to improve forecasting and reduce future variances in forecast
• Manage short term investment and disbursement activities, investing, safeguarding and controlling the cash assets of the business.
• Execute trades in line with FX, Fuel and Interest Rate hedging strategies and policies
• Promote a cash culture through collaboration with the organisation, to ensure decisions are made with the consideration of cash impact and cost of funding
• Ensure groups transaction banking arrangements and cash pools are operating effectively, making recommendations where there is an opportunity for improvement
• Monitor banking arrangements and address quality issues

Investment Management
• Working closely with Group Tax to ensure the Group manages its cash in the most appropriate manner in line with taxation requirements and obligations
• Review and recommend changes to the investment policies based on the organisational and market conditions
• Ensuring that surplus cash is invested, and associated counterparty and financial risk is managed in line with the Group Treasury Policies
• Develop and manage the organisation’s long-term and short-term in-house investment strategies and review in line with changing conditions

Banking Structure & Systems
• Assist with ensuring the treasury systems are fit for purpose and enable optimal and efficient cash and investment management
• Review banking structure and suggest improvements to deliver and document an optimum banking structure
• Establish appropriate and tailor-made cash management structures to minimise transaction handling and costs
• Monitor bank service fees and address quality issues

Team Management
• Support and participate in knowledge sharing and coaching to further strengthen the team
• Ensure Business instruct payments in the most secure, cost efficient and timely manner
• Liaison with internal clients, banks & counterparties to resolve queries, payment misdirection, charges
• Review control processes for all Cash Management activities regularly

About you

Would you love to play a pivotal part in managing our banking counterparties, building effective working relationships?

In addition to the above we’re looking for:

• Qualified AMCT, CFA or ACA/CIMA
• Experience in treasury or related role with exposure to financial risk management
• Confident communicating and influencing stakeholders

If this sounds like you and you would like to be on this journey with us, then we would love to hear from you!

Be yourself – Our differences make us stronger

Our customers come from all walks of life and so do our colleagues. That’s why we’re proud to be an equal opportunity employer and actively encourage applications from all backgrounds. At Virgin Atlantic, we believe everyone can take on the world - no matter your age, gender, ethnicity, sexual orientation, disabilities, or religious beliefs. We celebrate difference, and everything that makes our colleagues unique, by upholding an inclusive environment in which we can all thrive. So that everyone at Virgin Atlantic can be themselves and know they belong.

To make your journey with us accessible, and individual to you, we encourage you to let us know if you’d like a little extra help with your application, or if you have any individual requirements at any stage along your recruitment journey. We are here to support you, so please reach out to our team, ( feeling confident that we’ve got your individual considerations covered.

You'll be assessed against our values for a selection of your interview process, learn more about them here: Our Values